Former AMD executive: Xbox One APU valued at over $3 billion

Former AMD executive Bob Feldstein, who is currently the Vice President of Technology Licensing at NVIDIA, revealed on his LinkedIn page that AMD valued the Xbox One APU project at over $3 billion:

While access to his Linkedin profile is limited, Gamechup has lifted what Feldstein has posted on the page.

Feldstein stated that while he worked as the corporate vice president of business development at AMD, he was in charge of "business management and supply agreement negotiations" concerning the Xbox One project. He added:

This required the coordination of multiple functional teams within AMD, as well as regular customer meetings with leadership teams responsible for handling the challenges of complex, muti-year deals. This project is valued at $3+B.

Yep, that's a valuation of over $3 billion for AMD. Feldstein also worked on the project that brought a similar processor to Sony's upcoming PlayStation 4 console, although he doesn't state how much that was worth to the company.

Curiously, Feldstein is one of the four former employees that AMD sued in 2012. The company claims they stole over 100,000 secret documents from the company before departing.

Source: Neowin